The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-12
FINANCE And COMMERCE.
HONEY 6 To 8 PER CENT, NEW
YORK EXCHANGE Is PREX.
Cotton Firm - Middling Cotton,
1Ic-Sales Yesterday In
important.
ArPEAL 0FYIcK.
MEMPHIS, TENE., June IL, 1887.


MEMPHIS. TEss., June II, 1871
The money market continues firm at the
cid rates for loans, 6 to per cent. The mar
ket forlocal securities was duh today, no sales
being made st the Stock Exchange and the
bids and offerings scattering.
The local CO ton market remains firm and
unchanged. Middling lie, sales umimpor-
tant.
New York spots are steady, middling
IL 5-l6c. Futures closed firm with 4 to
points advance on the cid crop and TO
points advance on the new; June, 1l.24c to
u.25c.
At New Orleans spots closed steady; mid
ding, 10Nc. Futures closed dull and at an
advance of from 10 points on the old crop
and point off on the new; June, 10 SOC,
nominal.
FSSpots at Liverpool are quoted steady, poor
demand; mid ling u. lands and Orleans.
Cd. Futures off to 8 points, closing weak (;
June, Sole value. The pork markets closed
euiet.
Aleading New York cotton circular says
81 the future m rket: "There was some an
imation and trading on the whole fair The
urn was downward, based on the Emperor
Of Germany's lines, and a loss of 697
points took place, but a reaction followed
that put old crop sac points over last even
ing and new crop / nesrly a full recovery
with closing tone firm ;'spots' less active, but
generally well held "
The Chicago grain market was panieky to-
day. July wheat broke 40, tumbling to s211c,
butat the close rallied to SS1lc, the opening
hatn 0at l. tn ~
with wheat. Provisions rem aimed firm. In
the local market meats were advanced
slightly.
BOARD of Trade circles in this city," says
the Chicago Tribune. ARE ell ag0g to know
what will be- the outcome Of the judicial in
vestigatiOn OF the FORK corr or which is said
to have been set on foot at the close of last
week. 1t is subjeot Of, very great interest.
The price Of mess poll that will fill the con-
tracts for delivery in May and une has been
for some weeks past in the neighborhood Of
$23. while pork sci er the year could omi-
nally be bought at jest about alfthat figure.
no wonder il such a big difference has set
many to thinking that the one is held up
above all reason. especially as side meats
as '' to the rro. s or tho n ysa1
than to that FOR the month. at is fair TO
remark that the only men TO fnd fault with
the altitude at wh,oh the article is held are
much lower a few months ago and bet their
money on the chance OF a de, line. They did
not want the york to est, nor do they wish ii
for that purpose now: but simply that they
pork to eat, either for themselves or Their
customers. can buS IS god material for
two-thirds Of the price that is demanded
from the unfortunate shorts, so that the
on the consumer As tho original laws
against corners were passed solely in the in
terest of the people who wanted the stuff to
eat at a reasonable price, 1t becomes q ,ques-
tion on no SIN ii Importance as to the ex-
tent to which present complainers are en-
Titled to relief"
The grocery market continues firm, and
as to coffee there is a continuation Of the
downward incline on values for Bra xils in
the New York Ex ,hange, Europe manifest
ing weak tone and the market giving way
ander the pressure placed upon it. The
bulls effort on coffee is. for the time being,
modified. and coAuacts are declining. but
actual gods seem firm.
Statist cal reports concerning the South
srn watermelon crop are most encouraging.
The melons are maturing rapidly and vel,
and the growth of he fruit is equal to that
Of any previous ye9r. The estimate Of the
acreage now planted places it at Is per cent
more than last year and al bearing crops.
Tho local potato crop is coming in and is
being shipped RAPIDLY by dealers and prices
are we'll maintained. The Louisiana potato
crop shipping season is over and the receipts
at New Orleans are light, but equal to the
wants. Memphis and st. Louis will soon be
shipping potatoes 10 the Crescent City.
IMPORTS.
One humid ed skis bran. ~ hrls beans and
peas, $50 pEgs bacon, 1862 .pkgs boots and
shoes, $500 bu corn, pigs cheese, 46 SKIS cof
(, Q, 729 SKIS cotton seed 81 Dkgs dry goods,
As pkgs- eggs, $40 brls -four, 40 bales hay, 20 |
pkgs hats, 20 I'D hogs. 10 hid sheen. 20 nd |
horses and mu es, $50 pkgs lard, Y 900 feet |
lumber. 10 psgs ! quors. $50 brls meal, 2O0O |
Blu oats, b Is pota,Oel, 8 cars pork sides, so |
brls sugar, 2o2 pkgs tobacco, 600 on wheat.
ELEVATOR REPORTS.
. The following shows the amount of grain |
received, Withdrawn and in store by regular |
elevators, as reported IN the Merchant * |
change yesJe nay: tOrn-received 6571 bu; |
Withdrawn, 6556 bu; in store, 1917 bu. Oats |
received, 1888 blu; withdrawn. 800 bu; in |
stnra II 076 m.